A total of 17.815 million cheques worth Dh886.7 billion have been handled by the Cheque Clearing System during the first seven months of 2017, UAE Central Bank said.
The number of cheques cleared during July reached 2.66 million w

A total of 15.151 million cheques worth Dh755 billion ($205.5 billion) were handled by the Cheque Clearing System during the first half of the year, UAE Central Bank was quoted as saying in a media report.
Bounced cheques since Ja

Emirates NBD, a leading banking group in the region, has launched ‘Cheque Chain,’ an initiative that will integrate blockchain technology into cheques to strengthen their authenticity and minimise potential fraud.
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The Central Bank of Bahrain (CBB) has directed retail banks to expedite replacing their customers’ old design cheques with new cheques which contain new standards and specifications.
The directive is in line with the cheque

Foreigners still risk being imprisoned for bouncing cheques in the United Arab Emirates, as a government order which decriminalises the offence applies only to local citizens, an official statement said.

Banks in Bahrain have begun issuing newly designed cheques to their customers, from January 1 this year, said a top official of the Central Bank of Bahrain (CBB).
Ahmed Buhijji, director of Banking Services Directorate at the CBB, fur

Barclays has officially inaugurated its first branch in Abu Dhabi in the presence of guests and employees.
The new branch will offer a wide variety of banking services and complete teller facilities. It is equipped with state of the art c

The Central Bank of Bahrain (CBB) Clearing House processed cheques valued at BD3.74 billion ($9.9 billion) in 2007, an increase of 25.6 per cent over the previous year.
The incidence of returned (or dishonoured) cheques declined to an all-

HSBC has installed an innovative electronic cheque clearing system which has been implemented by Raqmiyat based on technology and software provided by US-based Unisys and UK-based Aperta.
More than 30 other banks in the UAE have also